Interest rate derivatives house of the year: Deutsche Bank

Well-timed trades can appear lucky – hindsight revealing that a decision to buy or sell coincided precisely with a market trough or peak. On the other hand, it’s often said that luck is self-made – the decision is informed by some conviction or intuition that later proves to be correct. Certainly, Deutsche Bank would argue the latter was behind one of 2011’s biggest strategic calls – the dramatic and rapid reduction in eurozone holdings, particularly Italian exposure, following Deutsche Bank’s